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  • JOY! Magazine

    LENDING MONEY?

    Nov 18, 2019 2 minutes

    God’s word says that many people wander from the faith and pierce themselves with many griefs when they allow money to have an improper hold on their hearts. That’s why the Bible contains hundreds of verses on how God wants us to treat money, and this includes the lending of it.

    Moses addressed this issue in the Old Testament

    Essentially, the Israelites were not permitted to charge interest when – Exodus 22:25 (see also Psalm 15:5). This prohibition against charging interest actually included – Deuteronomy 23:19. The purpose of the law was two-fold: an interest-bearing loan would only exacerbate the plight of the poor, and God promised a blessing on the gracious lender that would far surpass any interest he would make. Additionally, at the end of every seven years, creditors were to cancel all the debts they were owed by fellow Israelites (Deuteronomy 15:1).

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